PINNACLE FOODS INC Common Stock (PF) Shares Bought by BlackRock Inc.

BlackRock Inc. lifted its holdings in shares of PINNACLE FOODS INC Common Stock (NYSE:PF) by 0.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,847,490 shares of the company’s stock after purchasing an additional 23,096 shares during the period. BlackRock Inc. owned 4.07% of PINNACLE FOODS INC Common Stock worth $315,380,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Water Island Capital LLC purchased a new stake in shares of PINNACLE FOODS INC Common Stock in the second quarter worth approximately $46,465,000. Stanley Laman Group Ltd. increased its position in shares of PINNACLE FOODS INC Common Stock by 6.0% during the second quarter. Stanley Laman Group Ltd. now owns 14,471 shares of the company’s stock valued at $942,000 after acquiring an additional 821 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of PINNACLE FOODS INC Common Stock by 23.6% during the second quarter. GSA Capital Partners LLP now owns 65,055 shares of the company’s stock valued at $4,232,000 after acquiring an additional 12,438 shares during the last quarter. American Century Companies Inc. increased its position in shares of PINNACLE FOODS INC Common Stock by 985.0% during the second quarter. American Century Companies Inc. now owns 305,928 shares of the company’s stock valued at $19,904,000 after acquiring an additional 277,731 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of PINNACLE FOODS INC Common Stock by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 598,011 shares of the company’s stock valued at $38,907,000 after acquiring an additional 48,338 shares during the last quarter. Institutional investors own 94.55% of the company’s stock.

A number of brokerages recently commented on PF. JPMorgan Chase & Co. downgraded PINNACLE FOODS INC Common Stock from an “overweight” rating to a “neutral” rating and set a $64.00 price target for the company. in a research report on Friday, August 3rd. CL King downgraded PINNACLE FOODS INC Common Stock from a “buy” rating to a “neutral” rating in a research report on Thursday, August 2nd. Buckingham Research increased their price target on PINNACLE FOODS INC Common Stock from $62.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, July 20th. Zacks Investment Research raised PINNACLE FOODS INC Common Stock from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday, July 10th. Finally, Stifel Nicolaus downgraded PINNACLE FOODS INC Common Stock from a “buy” rating to a “hold” rating and increased their price target for the company from $63.00 to $68.00 in a research report on Monday, July 2nd. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. PINNACLE FOODS INC Common Stock presently has a consensus rating of “Hold” and an average price target of $67.20.

Shares of NYSE PF opened at $67.54 on Friday. PINNACLE FOODS INC Common Stock has a 1-year low of $52.25 and a 1-year high of $70.51. The firm has a market cap of $8.01 billion, a price-to-earnings ratio of 26.49, a PEG ratio of 2.89 and a beta of 0.47. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.51 and a quick ratio of 0.62.

PINNACLE FOODS INC Common Stock (NYSE:PF) last announced its quarterly earnings data on Thursday, August 2nd. The company reported $0.59 earnings per share for the quarter, meeting the consensus estimate of $0.59. PINNACLE FOODS INC Common Stock had a return on equity of 13.96% and a net margin of 19.14%. The business had revenue of $741.80 million during the quarter, compared to analyst estimates of $749.29 million. During the same period in the prior year, the company earned $0.53 earnings per share. PINNACLE FOODS INC Common Stock’s revenue was down .4% compared to the same quarter last year. analysts anticipate that PINNACLE FOODS INC Common Stock will post 2.9 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Tuesday, September 4th will be issued a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend is Friday, August 31st. PINNACLE FOODS INC Common Stock’s dividend payout ratio (DPR) is 50.98%.

About PINNACLE FOODS INC Common Stock

Pinnacle Foods Inc manufactures, markets, and distributes branded convenience food products in North America. It operates through four segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, and full-calorie single-serve frozen dinners and entrées under the Birds Eye, Birds Eye Voila!, Van de Kamp's, Mrs.

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Institutional Ownership by Quarter for PINNACLE FOODS INC Common Stock (NYSE:PF)

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